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Multifamily

1125 N Van Ness Ave

1125 N Van Ness Ave, Los Angeles, CA 90038

Listing Price: $3,100,000

Cap Rate
4.04%
Number of Units
12
Price/Unit
$258,333
Price/Gross SF
$387.50
Gross SF
8,000

Investment Overview

Marcus and Millichap, as the exclusive listing agent is pleased to present the opportunity to acquire 1125 North Van Ness Avenue, a 12-unit multifamily investment opportunity located in the supply constrained 90038 zip code of Los Angeles, CA. The property features 8,000 square feet of gross rentable area, situated on a 7,500-square foot lot. The 12-unit building is composed of ten one-bedroom/one-bathroom units and two two-bedroom/one-bathroom. The building is well-maintained and offers on-site laundry facilities and parking for tenants. The offering is situated in one of the trendiest locations in Los Angeles, just north of Santa Monica Boulevard, sandwiched between Bronson Avenue to the west and Wilton Place to the east. Residents have ideal proximity to thousands of high paying jobs, myriad entertainment venues, cultural destinations, and world class dining. Due to the property’s premier location and rental upside, 1125 North Van Ness Avenue offers a unique opportunity to any investor looking to acquire a well-maintained asset in the heart of Hollywood.

Investment Highlights

  • Excellent Unit Mix Composed of One-Bedroom and Two-Bedroom Units - Well Suited for Today's Market.
  • 1125 North Van Ness Avenue Offers Investors Significant Upside in Rental Income Via Interior and Common Area Renovations -Current Loss-to-Lease Approx. 27%.
  • Property Offers Major Capital Improvements Including Copper Plumbing Throughout and Seismic Retrofit Work has Been Completed.
  • Property is Situated on a Large 7,500-Square Foot Corner Lot.
  • Walkscore.com Rates 1125 North Van Ness Avenue Very Walkable: Most Errands can be Accomplished on Foot.

Exclusively Listed By

Financing By

Listing Price: $3,100,000

Cap Rate
4.04%
Number of Units
12
Price/Unit
$258,333
Price/Gross SF
$387.50
Gross SF
8,000

Investment Highlights

  • Excellent Unit Mix Composed of One-Bedroom and Two-Bedroom Units - Well Suited for Today's Market.
  • 1125 North Van Ness Avenue Offers Investors Significant Upside in Rental Income Via Interior and Common Area Renovations -Current Loss-to-Lease Approx. 27%.
  • Property Offers Major Capital Improvements Including Copper Plumbing Throughout and Seismic Retrofit Work has Been Completed.
  • Property is Situated on a Large 7,500-Square Foot Corner Lot.
  • Walkscore.com Rates 1125 North Van Ness Avenue Very Walkable: Most Errands can be Accomplished on Foot.

Investment Overview

Marcus and Millichap, as the exclusive listing agent is pleased to present the opportunity to acquire 1125 North Van Ness Avenue, a 12-unit multifamily investment opportunity located in the supply constrained 90038 zip code of Los Angeles, CA. The property features 8,000 square feet of gross rentable area, situated on a 7,500-square foot lot. The 12-unit building is composed of ten one-bedroom/one-bathroom units and two two-bedroom/one-bathroom. The building is well-maintained and offers on-site laundry facilities and parking for tenants. The offering is situated in one of the trendiest locations in Los Angeles, just north of Santa Monica Boulevard, sandwiched between Bronson Avenue to the west and Wilton Place to the east. Residents have ideal proximity to thousands of high paying jobs, myriad entertainment venues, cultural destinations, and world class dining. Due to the property’s premier location and rental upside, 1125 North Van Ness Avenue offers a unique opportunity to any investor looking to acquire a well-maintained asset in the heart of Hollywood.

Exclusively Listed By

Financing By

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